Principal Financial Group Inc. trimmed its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 210,041 shares of the scientific and technical instruments company’s stock after selling 7,843 shares during the quarter. Principal Financial Group Inc. owned approximately 0.15% of FLIR Systems worth $8,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in FLIR Systems by 2.1% in the second quarter. Vanguard Group Inc. now owns 13,611,660 shares of the scientific and technical instruments company’s stock worth $471,779,000 after purchasing an additional 285,535 shares in the last quarter. BlackRock Inc. grew its stake in FLIR Systems by 6.6% in the second quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock worth $324,639,000 after purchasing an additional 576,951 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its stake in FLIR Systems by 153.9% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock worth $105,326,000 after purchasing an additional 1,841,965 shares in the last quarter. Earnest Partners LLC grew its stake in FLIR Systems by 4.4% in the second quarter. Earnest Partners LLC now owns 2,128,673 shares of the scientific and technical instruments company’s stock worth $73,780,000 after purchasing an additional 90,335 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in FLIR Systems by 29.0% in the second quarter. Renaissance Technologies LLC now owns 1,761,060 shares of the scientific and technical instruments company’s stock worth $61,038,000 after purchasing an additional 395,500 shares in the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Shares of FLIR Systems, Inc. (FLIR) opened at $46.16 on Thursday. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $6,409.06, a price-to-earnings ratio of 25.41 and a beta of 0.62. FLIR Systems, Inc. has a 52-week low of $33.75 and a 52-week high of $48.06.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. equities research analysts forecast that FLIR Systems, Inc. will post 1.86 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 1.30%. FLIR Systems’s dividend payout ratio (DPR) is presently 37.74%.

Several research analysts recently issued reports on the company. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research note on Thursday, October 26th. Robert W. Baird reissued a “hold” rating and issued a $34.00 price objective on shares of FLIR Systems in a research note on Tuesday, October 24th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective (up previously from $42.00) on shares of FLIR Systems in a research note on Thursday, October 26th. Raymond James Financial increased their price objective on FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 25th. Finally, SunTrust Banks increased their price objective on FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.33.

In other FLIR Systems news, Director Steven E. Wynne sold 11,200 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $47.34, for a total transaction of $530,208.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Brian E. Harding sold 1,836 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.90, for a total value of $86,108.40. Following the sale, the vice president now directly owns 6,646 shares in the company, valued at approximately $311,697.40. The disclosure for this sale can be found here. Insiders have sold a total of 22,036 shares of company stock worth $1,039,316 in the last ninety days. Insiders own 3.00% of the company’s stock.

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FLIR Systems Profile

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

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Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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